Ranger Industries, Inc. (RNGR) Misses Q4 EPS by 12c, Revenues Beat

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Go back to Ranger Industries, Inc. (RNGR) Misses Q4 EPS by 12c, Revenues Beat

Ranger Energy Services, Inc. Announces Q4 2020 Results

February 25, 2021 5:04 PM EST

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended December 31, 2020.

Overall revenues improved 20%, or $7 million vs Q3 High Spec Rig revenues grew 50% on increased utilization and pricing strength Despite 2020s challenges, Ranger returned $26 million of operating cash flow across the year while reducing long-term debt by nearly 50%

Consolidated Financial Highlights

Revenues increased $6.9 million, or 20%, to $41.5 million in Q4, from $34.6 million in Q3. Revenue increases took place in the High... More